- The Norwegian Tax Administration issued Binding Advance Ruling No. 6/2025 on August 15
- The ruling addresses VAT compensation eligibility for property developers building apartments for health and care services
- A company planned to build 24 apartments for 24-hour health and care services
- The company intended to sell the building and common areas to a housing association
- The company would then sell shares in the housing association to eligible persons
- The Tax Office decided the company was not entitled to VAT compensation for construction costs
- The Tax Directorate confirmed businesses cannot receive compensation for costs related to homes transferred to a housing association
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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